Airex Portfolio 8 DST
Industrial — sponsored by Ares (ADREX)
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
Airex Portfolio 8 DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — sponsored by Ares Industrial Real Estate Exchange LLC of Denver and classified as industrial. Its public filings never name the buildings, locations, or tenants. The Offering was sold privately to accredited investors under Rule 506(b), and was reported fully subscribed as of December 18, 2025.2
Minimum investment
$500k
Offering size
$117.5M
How much has sold
100.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Nothing in the public record identifies the real estate. Form D does not require property disclosure, and no property names, locations, or building specifications have appeared in sponsor releases or trade press; the only classification available is industrial. Ares Industrial Real Estate Income Trust's subsidiary list dated December 31, 2025 shows this Trust beside AIREX Portfolio 8 Master Tenant LLC, a master-lease entity of the kind DSTs commonly use.1
Who is the tenant, and what's the lease?
No tenant, lease term, or occupancy information appears in the public filings. The presence of AIREX Portfolio 8 Master Tenant LLC on the Ares Industrial Real Estate Income Trust subsidiary list points to the master-lease arrangement typical of DSTs, in which the Trust leases the property to an affiliate that handles day-to-day operations.1
How did it end?
Still operating
Airex Portfolio 8 DST is sponsored by Ares Industrial Real Estate Exchange LLC (Denver, CO) and is an industrial DST. As of the most recent Form D/A filing dated December 18, 2025, total equity raised was approximately $24,348,702. The sponsor's address on file is 1200 17th Street, Suite 2900, Denver, CO 80202. No specific property names, locations, tenants, or building specifications have been publicly disclosed in press releases or trade press.
Supporting evidence
Counted on Ares (ADREX)’s Record Card as: No outcome recorded · under 7 years Document
Who's behind it?
Ares Industrial Real Estate Exchange LLC, based at 1200 17th Street in Denver, is the 1031 exchange program affiliated with Ares Industrial Real Estate Income Trust Inc., whose subsidiary list as of December 31, 2025 includes this Trust and its Delaware affiliates.1 AIREX Portfolio 8 Manager LLC is the manager and signatory trustee, and AIREX Portfolio 8 TRS LLC the depositor.2 The "Portfolio 8" name places it in a numbered series of Ares industrial exchange vehicles.1
- Sponsor
- Ares (ADREX)
- May convert to a REIT
- No
- Offerings from this sponsor
- 5 active / 18 total offerings from Ares (ADREX)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The initial Form D declared a $129,531,680 equity offering with no sales yet reported.3 The first amendment recorded July 25, 2024 as the date of first sale.4 The most recent amendment restated the offering at a lower size and reported nothing left to sell.2
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- Airex Portfolio 8 DST
- Filings on record
- 3
- How it may be offered
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Airex Portfolio 8 DST?
Airex Portfolio 8 DST is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Airex Portfolio 8 DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in Airex Portfolio 8 DST?
Almost certainly not. The most recent filing, a Form D/A dated December 18, 2025, reports the offering fully subscribed with nothing remaining to be sold. Trusts in that position are closed to new investors unless the sponsor files a further amendment reopening or increasing the offering.
What property does this Trust actually own?
The public record does not say. SEC Form D filings identify the issuer, sponsor, offering size, and sales progress, but do not require disclosure of the underlying real estate. No property names, addresses, tenants, or building specifications for Airex Portfolio 8 DST have appeared in SEC filings, sponsor press releases, or trade press. Those details would be in the private placement memorandum (PPM), the confidential offering document delivered to prospective investors.
Who is behind this Trust?
The sponsor is Ares Industrial Real Estate Exchange LLC of Denver, Colorado. Ares Industrial Real Estate Income Trust Inc. listed Airex Portfolio 8 DST, AIREX Portfolio 8 Manager LLC, AIREX Portfolio 8 Master Tenant LLC, and AIREX Portfolio 8 TRS LLC among its Delaware subsidiaries as of December 31, 2025. The manager and signatory trustee is AIREX Portfolio 8 Manager LLC.
What does Rule 506(b) mean for this Offering?
Rule 506(b) is the private placement exemption that lets an issuer sell securities without registering them, provided it does not advertise or solicit publicly. In practice, interests reach investors through pre-existing relationships with the sponsor and its selling broker-dealers, and buyers are generally accredited investors — individuals or entities meeting SEC income or net worth thresholds.
Why did the offering amount change between filings?
The initial Form D filed June 10, 2024 declared a $129,531,680 equity offering. The amendment filed December 18, 2025 restated the offering at a smaller figure that matched the amount reported sold. Sponsors commonly true up the declared offering amount at the close of a raise; the filings themselves give no explanation.
How is the property financed?
The public record does not disclose it. No lender, loan amount, loan-to-value, or debt terms for Airex Portfolio 8 DST appear in the SEC filings reviewed, and the Trust's leverage is not established from public sources. Financing terms, if any, would be described in the PPM.
Chapter 8DTCC Important Notice A9455 - New Issue: ARES Industrial Real Estate Exchange LLC / Airex Portfolio 8 DSTDTCC notice announces the first trade date of July 1, 2024 for ARES Industrial Real Estate Exchange LLC / Airex Portfolio 8 DST, confirming the offering's launch and NSCC eligibility.